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VET - Vermilion Energy: Market Overreaction Delivers A Rare Entry Opportunity
Vermilion Energy Inc. Common
On October 31, 2019, Vermilion Energy Inc. (VET) reported the operating and condensed financial results for 3Q2019 (Table 1).
Below, let's take an under-the-hood look at these results so as to update our investment thesis.
Table 1. A summary of operating and financial results for 3Q2019, compared with those for 2Q2019 and 3Q2018. Source:Quarterly news release.
Production
In 3Q2019, Vermilion averaged 97,239 boe/d in production, down 5.6% sequentially and up 1.1% over the same quarter one year ago. The 5.6% decrease in production from the previous quarter resulted from "